20 Burst results for "Steve Hanky"

"steve hanky" Discussed on The Dan Bongino Show

The Dan Bongino Show

02:44 min | 2 years ago

"steve hanky" Discussed on The Dan Bongino Show

"Quote this is by the way from I was quoting an op Ed piece by Steve Hanky and Stephen Walters in the Wall Street Journal in Nineteen Fifty Baltimore's median income Joe was seven percent head above the national average above it was one of our wealthiest cities Democrats bit in charge since then today it is now twenty two percent below the national average in median income. WHO's I've been in charge the entire time the Democrats and the Liberals with their high tax big government anti-family government basically government becoming a behemoth in people's lives taking the locus of control roll away from black minority and white inner city families taking the locus of control for the family and putting it in the government you have decimated these families and the economy which are high tax social welfare programs? You've destroyed him. There's nothing wrong with the people of Baltimore Baltimore. There's something wrong with you. The liberals as Jason Riley wrote in his book a long time ago in the Wall Street Journal again happens to be black which is only important to liberals not to us he wrote. Please stop helping stop helping you. You are not helping so you've driven the economy number one a Baltimore into the ground seven percent above in the nineteen fifties the national average there median income now twenty two percent below. You have exclusively. You've been in charge. Oh that must be Donald Trump's yes so let me get this straight since nineteen forty two you've been running this city with a monopoly liberals. You've run it into the ground but in the last two years Joe it's Donald Trump's fault that Baltimore's fallen apart okay that makes sense an imbecile that makes perfect sense yeah okay now. You may say well Dan okay the economy struggling median incomes down since the Democrats have been charged. Everything else is doing okay. Oh no how no no no here are some more racists at Fox Forty Five Baltimore. Here's a piece they rods. They're not racist. I'm just using liberals. Logic highlighting problems in Baltimore is clearly racist by the Liberals Rules but here's a screen shot from a piece by Fox forty-five Baltimore folks you what you listen. Hold onto your chair so you don't fall off when I read this and alarming discovery by W._B._F.. In Baltimore Fox forty five news and alarming discovery coming out of City Schools Project Baltimore analyze twenty seventeenth state testing data and found Joe get ready for this <hes> what surprised but this is even worse than I thought this education study found that one third of high schools in Baltimore last year a third thirty three eighty percent for liberals had zero students.

Baltimore City Schools Project Baltimore Joe Wall Street Journal Donald Trump Steve Hanky Stephen Walters Jason Riley Dan twenty two percent seven percent thirty three eighty percent two years
Are time zones obsolete?

Planet Money

02:37 min | 2 years ago

Are time zones obsolete?

"Here's something that I learned recently in the air above us up at thirty five thousand feet. It is the same time everywhere, universal time, which is time at the Greenwich Meridian is used all around the planet earth, today by every single airline and air force in the world. This is dick Henry. He's an astrophysicist at Johns Hopkins University, and he said think about it. They're all these planes, flying all over the earth at hundreds of miles an hour, and you don't wanna get confused by time zones. When you're trying to keep them from crashing into each other dick has talked to his friend, Steve Hanky about this for years, seems an economist, a professor of applied economics at Johns Hopkins, and he says it is not just pilots who need universal time investors needed to you can trade. Twenty four hours, a day almost around the clock and gold currencies. Stocks and everything else under the sun. And those are all timestamped using universal time Hanky and Henry were telling me about all this because they have this little proposal. Yes, even I want to abolish the time zones. No more time zones. We want twenty four hour world time everybody on the same clock. You're, you're, you're fully serious about this. Like, is this a serious proposal? Oh my, of course, it's a serious proposal, if it's ten o'clock in New York, it is ten o'clock in Shanghai and Sydney and Nairobi it is ten o'clock everywhere. Hanky and Henry have also designed a whole new efficient. Standardized calendar the Hanky Henry permanent calendar whose Hanky Henry time and calendar. It's raked up with an extra week every five or six years, so that the calendar is. Standard year to year like January I is always a Monday. They say come on, we waste so much time. Readjusting calendar's year to year. It's unnecessary. What would happen if the Hanky Henry colander were adopted? Oh my goodness. There'd be a couple of years of bumps and grinds people read adjusted their schedules. But then we'd have at an absolute optimum, and it would never ever change for the rest of human history. This is very hard for me to imagine two guys changing the way time works for everybody forever.

Steve Hanky Hanky Henry Dick Henry Henry Johns Hopkins University Johns Hopkins New York Professor Shanghai Nairobi Sydney Thirty Five Thousand Feet Twenty Four Hours Twenty Four Hour Six Years
"steve hanky" Discussed on KCRW

KCRW

02:28 min | 2 years ago

"steve hanky" Discussed on KCRW

"Of of rate hikes while other rest of the world hasn't really started yet. Your those higher rates might tends to flow to a higher rate type of an environment. As when says, it's like that hockey metaphor investors want to go where the puck is heading not where it is now, which means the US dollar will that's much sink but drift lower in two thousand nineteen not everyone agrees Steve Hanky as a professor of applied economics at Johns Hopkins, he thinks the dollar will hold steady. Maybe even climb. And that's because it's a relative game. When you look at exchange rates and relative to Europe, the United States will look strong, relative to other countries to like, China, Brian Nick investment strategist at new Wien says the strong dollar has been good for US consumers who buy things with their dollars on the flip side of your business. And you're trying to sell overseas stronger dollar is not your friend because when you're counting those profits back into dollars from whatever currency, you earn them in. They're worth less to you. So those companies will benefit from a slightly weaker US dollar Nick says on that. So we'll the global economy, a weaker dollar also benefits foreign countries and companies that have borrowed dollars. I'm Tracey Samuelson for marketplace. I promise we didn't plan. It this way that we had. But after the close on Wall Street this afternoon apple announced it's cutting its earnings forecast for its most recent quarter, the one that ended in December. And here is why I'm telling you this. I. Of all in line with Tracy story about the strong dollar apple said this. We knew the strong dollar would create foreign exchange headwinds and forecasted this would reduce our revenue growth, and of quote, which has also to Scott story about China and its down apple said this most of our revenue shortfall to our guidance and over one hundred percent of our year over year worldwide revenue decline occurred in greater China across iphone MAC and ipad, and of quote, it's kind of wild, right? We tell you about stuff, and there it is happening in real life on Wall Street today as I said, my favorite five syllable word vol till it t-. We'll have the details when we do the numbers. Bless you thought we'd.

US China Brian Nick apple Johns Hopkins Tracey Samuelson Steve Hanky Europe professor Tracy Scott one hundred percent
"steve hanky" Discussed on WRKO AM680

WRKO AM680

08:43 min | 3 years ago

"steve hanky" Discussed on WRKO AM680

"Dot global horizon is bringing privacy, to life. As we continue here it's Ian Chris Darrelle in the studio tonight we're talking about a piece here by. Steve Hanky contributor to Forbes magazine he's been paying close attention to, what's happening in Venezuela would their currency and I just you know this stuff is fascinating, it's horrible for the. People who are living there because they're having a tough. Time getting the most basic food, items, yes many of them. Have lost dozens of pounds in just the last two years simply because they don't have some of them have lost. Dozens of pounds in. The last, year Simply because they don't have access to food and they are lucky to even eke out a meal if not a meal and a half in one days timeframe So we're discussing the difference. Between the black market rate of the boulevard forte. Which was the previous boulevard that just ended officially within about ten days, ago started the new boulevard boulevard soubra no started up on the twentieth of this month I don't know for how long the, crossover period is going to be, but there's going to be a period of time. In which she prices, on shelves are expected to be doubled or not double but two different, prices on shelves full of our forte one for the new one and and they obviously you mentioned the Wicky article and I don't know how accurate this is but it says that prices. Will be expressed in boulevard still Barral knows starting August first So, it sounds as though they're already doing all of. The pricing in this, though Barato but that wasn't longer at whether it was not it sounds, like they'd switch to expressing the prices in these still Dorado and no longer the boulevard Didn't they have multiple Fiat currencies already Venezuela, yeah no but that they did well they had the original boulevard with that switched out in two, thousand and eight to, the boulevard forte and now they're switching Aren't there are, a couple of different air change rates for. Various things but that doesn't mean that, there's two, versions of the of our. Fourth, day or two. Percents of the boulevard slow Borana to exchanges. Were, called, to exchange the government official, exchange rates were called I believe deep pro and Dekom DIP oh and CEO am and I feel. Like I read somewhere International rate and then the other. Was the internal rate or something you'll, have to, you'll have. To check on that one because I feel like there was one, that was for certain goods and another that was for goods that weren't within that category but let's go on, so we're talking about again this this rebranding. For the boulevard what's the bullet day, it's the, sovereign boulevard or the boulevard. Sabrina, and you are. Correct earlier this year Venezuela eliminated the What writers refers to as the heavily subsidized depot forex rate okay so now all they have. Is the Dekom one yes okay apparently unless they brought something else sense getting rid of this one now what. I'm curious about is to find out what the Dekom rate. Is now on the new sovereign boulevard if there's some way we could. We can figure that out as the show goes on because there's more to say here from Forbes so we're talking about the black market gap of twenty five hundred. Percent right before the. Sovereign boulevard was released meaning, that the price of the Bulevar, the difference between the? Official rate and the black market rate was, twenty five hundred eighty four percent does, a, huge difference And so. As he points produces large profits for Maderas cronies. Who have access to purchasing dollars at the official. Rate because then they can just by the greenback's for the official rate. And then flipped them into the black market and make twenty five hundred. Percent on them with the collapse of the boulevard inflation by. My. Measure has searched indeed Venezuela's inflation rate has just. Reached. An. All time high now this article by the way it was written. Just, a few days after the beginning of the supper boulevard the annual rate he says now sits at forty. Eight thousand seven hundred and sixty, percent Venezuela's hyper inflation which started in November of two thousand sixteen has legs on Monday Venezuela launch. Currency reform that it claims we'll put an end to Venezuela's hyper inflation nightmare a new sovereign boulevard will replace. The old boulevard the conversion rate will be one hundred thousand old boulevard to one sovereign this currency redenomination will. Result in five zeros being lopped off Venezuela's official Unit of account. To put this into perspective one hundred thousand old boulevard that the current. Free market exchange rate are worth one point five cents in US dollar In addition to lobbying five zeros. Off Venezuela's unit of account to sovereign boulevard, supposed to be linked to the petro Venezuela's crypto currency which is supposed to be anchored. To a barrel of oil so if the sovereign boulevard works as advertised Venezuela, would move from issuing an irredeemable Fiat currency to issuing a commodity. Backed redeemable currency but since Venezuela's petro is dysfunctional and considered a scam and, not a currency, I'll focus, solely on the, reality of. Monday's redenomination of the boulevard the boulevard redenomination will. Be like going under the knife of. One, of Caracas famous plastic surgeons appearances change but in reality nothing changes that's what's in store for the Boulevar a facelift these facelifts always. Accompany episodes of hyperinflation indeed the greatest hyper inflation on record was Hungary's, where the daily inflation rate reached two hundred and, seven percent in July of nineteen Forty-six this was followed by a currency reform. On August, first up nineteen Forty-six the Tango was replaced by the foreign and the conversion rate was get this now four, hundred Octavian that's four followed by twenty nine zeros Tango so. The old currency to one for it so, hungry lobbed off twenty nine zeros from its unit of account the Zimbabwe never got that. Bad this was the biggest lopping off zeroes in history but there have been, other spectacular currency redoubt redenomination allow me to take a trip down. Memory lane for a first hand account of my days as the personal economic, advisor to the, deputy prime, minister of the, socialist Federal. Republic of Yugoslavia from nineteen ninety until June nineteen. Ninety-one when the civil war broke out. I, I met deputy prime minister zip code Preval it the in late nineteen Eighty-nine at a dinner in Vienna Austria the dinner which miss. Hanky and I attended was arranged by our good friend the late great. Daniels Borrow ski from Wattenberg. Tyrol the day following our most pleasurable dinner Prego the person responsible for developing economic reforms for the Yugoslav government led by the late on Markovic requested a meeting we discussed his reform ideas and he invited me to become his adviser I indicated that I had. Reservations because I was a classical liberal free, market economist and he was a leader of. A Communist League of Yugoslavia Prego then surprise me when he said. My qualifications were exactly why he. Invited me to be his adviser he asserted me, that her third that he wanted to. Implement free market reforms and didn't want watered-down advice Prego persisted and after I learned that he had a hand in the dissolution of the Communist League Venus Yugoslavia in January of nineteen ninety and was committed to real free market reforms agreed. To become his adviser I had. Just, arrived in Belgrade in January of nineteen ninety when I was faced with what I considered to be a, major, Yugoslav policy, blender Yugoslavia had just initiated a currency reform in which the old, dinar was replaced by Convertible dinar with that facelift four zeros removed I concluded that the convertible dinar would. Never survive and argued that the only thing that could save the dinar. Would be a currency board in which the dinar traded freely at a fixed rate, with the Dutch Mark and was backed by what backed one. Hundred. Percent by Dutch Mark reserves I was so convinced the Yugoslav currency reform of nineteen ninety would end. In is in a disaster that I co authored a book with Kurt Schuler on what you lobbyists should, have done. With the dinar namely make it a clone of the Duke Mark our book monetary reform and the development of the Yugoslav market economy was published in London by communist anti-communist group or whatever so we'll. Tell you more because apparently his advice was not followed by. Yugoslavia and we'll tell you what happened when they tried once going on in Venezuela right now eight.

Venezuela official International rate Yugoslavia Steve Hanky petro Venezuela Communist League of Yugoslavia Forbes Ian Chris Darrelle Dot Belgrade Barral Dekom DIP Borana
"steve hanky" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:58 min | 3 years ago

"steve hanky" Discussed on Bloomberg Radio New York

"Los Angeles. Rams star Aaron Donald has signed a record contract the star defensive. Tackle ended his holdout by signing the richest. Contract any defensive player has signed in NFL history the Rams announced the new six-year deal through the two thousand twenty four season worth one hundred. Thirty, five million dollars NFL contracts are not guaranteed however so. The guaranteed portion of the contract is especially important Donald got a forty million dollar signing bonus. And eighty seven million. Of the one hundred thirty five. Million is guaranteed Donald is entering his, fifth season he was selected to the Pro Bowl each of his first four seasons in the league. And was. The NFL defensive player of the, year last season. I'm John Stolnis Washington Post reports a Maryland man nNcholas mims who is black. Is suing six flags America for ten million dollars he claims that guards beat him up. As he left the park. After disagreement this summer I'm Barbara Kusak And I'm Charlie Pellett Bloomberg world headquarters mixed Friday for US stocks at was a winning week as we, have been reporting the Trump administration and Canada will resume. Their trade talks next week after discussions ended. With no deal Phil Orlando is chief equity strategist. At federated investors, in our view the market is. A little extended I think we're in a fundamental vacuum, if you will for the next six. Weeks or so and I think we are going to see a risk off environment over the course of the next month or so. And brench shoot he is chief investment strategist at northwestern. Mutual wealth, management he says NASDAQ. Has remained resilient the tech sector is one of those sectors that have perceived to be safe from the potential economic damage of any trade war. That, may result therefore I believe it is getting, safe haven, money developing nations stocks slumped for a third day and India's rupee dropped to a record as contagion spread from Argentina and. Turkey with, more here's Bloomberg's John Tucker contagious kicked in for. The emerging markets According to Johns Hopkins University economist Steve Hanky the, more these emerging market currencies collapse there there is an. Increase probability that what we'll have some blowback. In the big major market he says the strong. Dollars putting massive, pressure emerging-market currencies and that will. Not change anytime soon Anki senior cannabis with President Reagan's, council of economic advisers and a served. As an advisor to heads of state in various emerging markets John Tucker Bloomberg radio and standard and Poor's says Argentina may be cut. Deeper into junk amid the peso plunge stocks mixed trading. Was thin, s. and p. five. Hundred index up less than half a point a weekly gain their NASDAQ up twenty one close to a record up three tenths of one percent. The, Dow down twenty two down one tenth of, one percent, global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven hundred. Journalists and. Analysts in more than one hundred twenty countries I'm Charlie. Pellett this, is Bloomberg this is.

Aaron Donald NFL Bloomberg nNcholas mims Rams Steve Hanky John Tucker Bloomberg Los Angeles Argentina federated investors Tackle Johns Hopkins University six flags America John Stolnis Washington Post John Tucker Twitter Phil Orlando Maryland
Los Angeles Rams agree to record deal with Aaron Donald

Bloomberg Business of Sports with Scott Soshnick and Michael Barr

00:38 sec | 3 years ago

Los Angeles Rams agree to record deal with Aaron Donald

"Angeles. Rams star Aaron Donald has signed a record contract the star defensive. Tackle ended his holdout by signing the richest. Contract any defensive player has signed in NFL history the Rams announced the new six-year deal through the two thousand twenty four season worth one hundred. Thirty, five million dollars NFL contracts are not guaranteed however so. The guaranteed portion of the contract is especially important Donald got a forty million dollar signing bonus. And eighty seven million. Of the one hundred thirty five. Million is guaranteed Donald is entering his, fifth season he was selected to the Pro Bowl each of his first four seasons in the league. And was. The NFL defensive player of the, year last

Aaron Donald NFL Bloomberg Nncholas Mims Rams Steve Hanky John Tucker Bloomberg Los Angeles Argentina Federated Investors Tackle Johns Hopkins University Six Flags America John Stolnis Washington Post John Tucker Twitter Phil Orlando Maryland
"steve hanky" Discussed on Liberty Talk FM

Liberty Talk FM

08:46 min | 3 years ago

"steve hanky" Discussed on Liberty Talk FM

"Privacy to, life as we continue here it's Ian Chris and Darryl in the studio tonight we're talking about a piece here by. Steve Hanky contributor to Forbes magazine he's been paying close attention to what's, happening in Venezuela with. Their currency and I, just you know this stuff. Is fascinating it's horrible for the, people, who are living there. Because they're having a tough time getting the most basic food items yes many of them have lost dozens of. Pounds in just the. Last two, years simply because they don't have some of them have lost dozens of pounds in the last year Simply because they don't have access to food and they are lucky to even eke out a meal if not a meal and a half in one days timeframe So we're discussing the difference between the black market rate of the boulevard. Forte which was the previous boulevard that just ended officially within about ten, days ago started the new boulevard boulevard Sobrino started up on the twentieth of this month I don't know for how long the crossover period is going to be but there's going to, be a period of time in which she prices on shelves are expected to be doubled or not double two different prices on shell right one for. The boulevard forte one for the new one and and the The Wikki article and I don't know. How accurate this is but it says that prices will be expressed in boulevard, still Barat those starting August first so it sounds as though they're already doing all of the pricing in this sober although that wasn't adding a little longer. At weather was available or not it sounds like they'd switch to expressing, the prices in these Silverado and no longer the boulevard didn't they have multiple Fiat currencies already know Venezuela yeah no that they did well they had the original boulevard with that switched, out in two thousand and eight to the boulevard And now they're switching Aren't there are a couple of different change, rates for various things but that doesn't mean that there's two versions of the of our fourth day or two Harrison's of. The boulevard slow Borana the two exchanges. Were called to exchange the government official, exchange rates, were called I believe dip pro and Dekom d. I p. r. o. and c. o. m. and I feel like I read. Somewhere gated international rate and then the other was the internal rate or. Something you'll have to you'll have to check on that one because I feel like there was one that was for certain goods and another that was for goods that weren't. Within that that category. But let's go on so, we're talking about again this is rebranding for the boulevard was. The of our forte now the sovereign boulevard or the boulevard Soberano and you are, correct earlier this year Venezuela eliminated the What writers refers to as the heavily subsidized. Depot forex rate okay so now all. They have is the Dekom one yes, okay apparently, unless they brought something else sense getting rid of this one now what I'm curious about is to find out what the Dekom. Rate is now on the new sovereign boulevard if there's some way we. Could we could figure that out as the show goes on because there's more to say here from Forbes so we're talking about the black market gap of twenty five hundred. Percent right before the. Sovereign boulevard was released meaning, that the price of the Bulevar the difference between the official. Rate and the black market rate was twenty five hundred eighty four percent that is, a, huge difference And so as. He points out this produces large profits for. Maderas cronies who have access to purchasing dollars at. The official rate because then they can just by the greenback's for the. Official rate and then flip them into the black market and make twenty. Five hundred percent on them with the collapse of the boulevard. Inflation. By measure has searched indeed Venezuela's inflation rate has. Just. Reached. An all time high now this article by the way it was. Written, just a few days after the beginning of the sovereign boulevard the annual rate he says now sits at. Forty eight thousand seven hundred and. Sixty percent Venezuela's hyper inflation which started in November of two thousand sixteen has legs on Monday Venezuela. Launch a currency reform that it claims we'll put an end to Venezuela's hyper nightmare a new sovereign boulevard will. Replace the old boulevard the conversion rate will be one hundred thousand old boulevard to one sovereign this currency redenomination will result in five zeros. Being lopped off Venezuela's official Unit of account. To put this into perspective one hundred thousand old boulevards at the current. Free market exchange rate are worth one point five cents in US dollar In addition to lobbying zeros off. Of Venezuela's unit of account to sovereign boulevard, supposed to be linked to the petro Venezuela's crypto currency which is supposed to be anchored. To a barrel of oil so if the sovereign boulevard works as advertised Venezuela, would move from issuing an irredeemable Fiat currency to issuing a commodity. Backed redeemable currency but since Venezuela's petro was dysfunctional and considered a scam and, not a currency, I'll focus, solely on the, reality of. Monday's redenomination of the boulevard the boulevard. Redenomination will. Be like going under the knife of. One, of Caracas famous plastic surgeons appearances change but in reality nothing changes that's what's in store for the boulevard a facelift these facelifts always. Accompany episodes of hyperinflation indeed the greatest hyper inflation on record was Hungary's. Where the daily inflation rate reached two hundred and. Seven percent in July of nineteen Forty-six this was followed by a currency reform on August, first of nineteen Forty-six the Pango was replaced by the foreign and the conversion rate was yet this, now four hundred Octavian that's four followed by twenty nine zeros. Tango so the old currency to one for, it so hungry lobbed off twenty nine zeros from its unit of account Zimbabwe never got. That bad this was the biggest lopping off of zeroes in history but there, have been other spectacular currency redoubt redenomination allow me to take a. Trip down memory lane for a firsthand account of my days as the personal, economic advisor to, the deputy, prime minister of, the socialist. Federal Republic of Yugoslavia from nineteen ninety. Until June. Nineteen Ninety-one when the civil war broke. Out, I I met deputy prime minister zip code Preval it the in late nineteen Eighty-nine at a dinner Vienna Austria the dinner which miss. Hanky and I attended was arranged by our good friend the late great. Daniels Borrow ski from Tyrol the. Day following our most pleasurable dinner Prego the person responsible for developing economic reforms for the Yugoslav government led by the late onta- Markovic requested a meeting we discussed his reform ideas and he invited me to become his adviser I indicated that I had reservations because I was. A classical liberal free market economists and he, was a leader of a Communist League of. Yugoslavia Prego then surprise me when he said my qualifications were exactly. Why. He invited me to. Be his adviser he asserted me that certified that he, wanted to implement free market reforms and. Didn't want watered-down advice Prego persisted and after I learned that he had a hand in the dissolution of the Communist League of Eunice Yugoslavia in January of nineteen ninety and was committed to real free market reforms agreed to become his. Adviser I had just arrived in. Belgrade, in January of nineteen ninety when I was faced with what I considered to be a major, Yugoslav, policy, blender Yugoslavia, had just initiated a currency reform in which the old dinar was, replaced by a convertible Dinar with that facelift four zeros were removed I concluded that the convertible. Dinar would never survive and argued that the only thing that could save. The dinar would be a currency board in which the dinar traded, freely at a, fixed rate with the Dutch Mark and was backed by what. Backed. One hundred percent by Dutch Mark reserves I was so convinced the Yugoslav currency reform of nineteen ninety. Would end and is in a disaster that I co authored a book with Kurt Schuler on what, Yugoslavia should. Have done with the dinar namely make it a clone of the Duke Mark our book monetary reform and the development of the Yugoslav market economy was published in London by communist anti communist group or whatever. So we'll tell you more because apparently his advice was not. Followed by Yugoslav and we'll tell you what happened when they tried once going on in Venezuela right now eight fifty five four fifty free if you want to join us here Couldn't happen. Here could it it's free talk live Doc fees.

Venezuela boulevard Soberano official Yugoslavia Steve Hanky petro Venezuela Redenomination Federal Republic of Yugoslavia Forte Communist League of Eunice Yug Forbes Ian Chris Caracas Borana Barat
Argentina’s Peso Tumbles as Turbulence in Emerging Markets Spreads

Bloomberg Best

01:24 min | 3 years ago

Argentina’s Peso Tumbles as Turbulence in Emerging Markets Spreads

"A, mixed Friday. For US stocks it was a winning week thin trading as the Trump administration and Canada plan on resuming trade. Talks next week after discussions ended, with no deal as for the market outlook Phil Orlando is chief equity strategist at federated investors in our view the market is a little extended I think. We're in a fundamental vacuum if you will for the next six weeks or so and I think. We are going to see a risk off environment over the course of the next month or so and brench Schutte is chief investment strategist at northwestern mutual wealth management he says NASDAQ has. Remained resilient the. Tech sector is one of those sectors that have perceived to, be based on the potential economic damage of any trade war. That may result and so therefore I believe it is, getting safe haven money developing nations stocks slumped for a third day and India's rupee. Dropped to a. Record as contagion spread from Argentina and Turkey with more here's Bloomberg's John Tucker contagion has kicked in for the. Emerging markets According to. Johns Hopkins University economist Steve, Hanky the more the market currencies collapse there is a increase probability that. What we'll have some blowback in the in the big major markets he. Says the strong dollars but massive pressure on emerging. Market currencies and, that will not change anytime soon. Anki was senior economist with President Reagan's council of economic, advisers at a served as an advisor. To heads of state in various emerging

Anne Cates Ford Trump Administration Bloomberg Charlie Pellett John Tucker Bloomberg Argentina United States Jama Adhd Hanky Disorder Twitter Brench Schutte Johns Hopkins University Phil Orlando India LD John Tucker
"steve hanky" Discussed on The Jason Stapleton Program

The Jason Stapleton Program

04:28 min | 3 years ago

"steve hanky" Discussed on The Jason Stapleton Program

"Your hundred dollar bills for these new one dollar bills go. And they think that this is going to solve their inflation problem. When in reality would it solves is the wheelbarrow problem, which is you need so much cash to make transactions with. Nobody really uses it anymore. They're, they're taking their money home in wheelbarrows. This is what happened in the Weimar Republic is that people would be taking their paychecks home in wheelbarrows because they needed that much cash to pay the bills and they had printed so much money that it was a really became ridiculous. The tactics have Venezuelan like humour, no walk an owner of coffee shop in Caracas convinced that there is no solution insight. And that the government cannot even bring down the price of a Cup of coffee, and I'm an eye watering, two million Bulevar. That's what a Cup of coffee. 'cause he said, I imagine if we keep up like this, we're going to have to do the same thing in December, which he's absolutely right because the newly minted current currency, they say is gonna be known as the sovereign bowl of are and will be rolled out on Monday. They are not solving the problem, and that's the real issue his at until you create new economic policy, you're not gonna solve the underlying inflation problem. You have to allow the free market to work. And so the the president has ordered measures his his United socialist party has been load to consider in the past and increase in gas prices for some drivers, modest easing the currency controls that made the dollar inaccessible to most Venezuelans for years. So he's an all we're gonna, modestly, increase gas prices while why is the government setting gas prices to begin with the this is the problem. The reason you have the inflation is because you have the government controlling what prices are and then printing money to pay for things that can't afford. That's why you have inflation problem. If you didn't have those things happening, you would have a free market and very quickly the economy would stable in the the the economy was stabilizing the monetary system would stabilize. Quote, it's a cause magic medic thing. Choose me, it's a cosmetic thing that's happening. In zeros, said Steve Hanky, an applied economist, professor, John Hopkins University who has advised governments facing hyperinflation. It means nothing unless you change economic policy, which is exactly what I just said, what this? It's, it's just it's ridiculous. But I told you the top of the show that this is something that can happen to any could happen here in America. And I think a lot of people, especially if you are young, there is an assumption that things have always been the way they are, and therefore they must always be that way. And both of those assumptions are incorrect. Number one, it has not always been the way it has been. And number two, it doesn't have to stay that way. I talk with younger people all the time, and I did, you know, and frankly, I talk with Tulsa about this do and a lot of them don't know. I said, did you know that the department of education started with president Carter in the seventies. I mean, there's this presumption that we've always had a department of education that it that it was put into effect in eighteen ninety eight or something like that. No, it's only been around since the nineteen seventies. It's it's new comparatively. So even the department of education has not always been. It's only in recent years in modern time that we've had some of these institutions, and if they came in in the nineteen seventies, they could go away today. Don't take somebody willing to say just because we've been doing it this way for a little while doesn't mean we should keep doing it this way. But I wanna tell you about what happened in Venezuela and how they got to where they are. But I, I wanna tell you about skill share guys if you use skills here all the time. It is one of my first Goto places. Anytime I wanna learn something new. I wanna see what kind of courses they have out there on skill share and because they are quick and easy, and it's one of the cheapest ways that you can grow your human capital, which is what I suggest every one of you do skills your is an online learning platform with over twenty thousand classes in business designed technology and more. You can take classes and social media marketing data, science, mobile photography, creative writing..

department of education president Caracas Tulsa Steve Hanky John Hopkins University America Venezuela socialist party professor Carter hundred dollar one dollar
"steve hanky" Discussed on KQED Radio

KQED Radio

02:22 min | 3 years ago

"steve hanky" Discussed on KQED Radio

"As placed his. Former deputy Emmerson Mnangagwa takes charge not exactly a fresh start for the country but he immediately, starts trying to fix him Bob ways very broken economy between two thousand and two thousand eight, the country's GDP fell by half the sharpest contraction ever for a peacetime economy poverty rates soared to more. Than seventy percent. In the midst of hyperinflation in two thousand nine the country abandoned its own, currency and adopted the US dollar which helps, stabilize the economy temporarily but it hit a second bout of hyperinflation in two thousand. Seventeen and is now desperately short. On cash Managua knows Zimbabwe can't tackle these problems on its own Zimbabwe open for business Political issues but It's, economics Six Truth Valley which is a big change from the Mugabe. Days mnangagwa's does away with a requirement that companies be majority owned by. Zimbabwean he promises to compensate white farmers for the. Land the government sees from them in the early, two. Thousands and in the run-up to the, elections all this talk starts to pique the interest of international. Investors and there've been many people scurrying around looking for opportunities in. Zimbabwe Steve Hanky is a professor at Johns Hopkins. University he says the country used to be an agricultural. Powerhouse so investors see lots of. Potential they're actually mulling his own investment in, Zimbabwe building cold storage facilities for warehousing. Fruit we know there's a deficiency and we know precisely what it is in, Zimbabwe whether it is going to be economically feasible to to actually design and construct a coal storage facility and manage. It we, we we don't know. Yet Hanky doesn't know if the promised economic reforms will materialize or what the money and banking system might look. Like will investors be able to Borrow money will, they be able to get their money out of the country when they want it back and that's all in a. Very big, state of flux now. And I would say almost a bigger state of flux after the election the election that was supposed to reassure. Investors only raised more questions Just two days after the nation went peacefully to vote there. Is bloodshed and chaos this from the UK's channel.

Zimbabwe Emmerson Mnangagwa Steve Hanky Johns Hopkins Mugabe Managua US Bob UK Truth Valley professor seventy percent two days
"steve hanky" Discussed on KQED Radio

KQED Radio

02:24 min | 3 years ago

"steve hanky" Discussed on KQED Radio

"Mugabe's his former. Deputy Emmerson Mnangagwa takes charge not exactly a fresh start for the country but he immediately starts, trying to fix him Bob ways very broken economy between two thousand and two thousand eight the, country's GDP fell by half the sharpest contraction ever for a peacetime economy poverty rates soared to more than. Seventy percent in. The midst of hyperinflation in two thousand nine the country abandoned its own currency, and adopted the US dollar which helps stabilize, the economy temporarily but it hit a second bout of hyperinflation in two thousand seventeen and is now desperately short. On cash Managua knows Zimbabwe can't tackle these problems on its own On me Open for business Do political issues but Economics, economics Now language is a big change. From Mugabe's mnangagwa's does away with a requirement that companies be majority owned by some. Bob wayans he promises to compensate white farmers for. The land the government sees from them in the, early. Two thousands and in the run-up to, the elections all this talk starts to pique the interest of. International investors and there been many people scurrying around looking for opportunities. In Zimbabwe Steve Hanky is a professor at Johns. Hopkins University he says the country used to be an. Agricultural powerhouse so investors see lots of. Potential there Hank he's actually mulling his own investment, in Zimbabwe building cold storage facilities for. Warehousing fruit we know there's a deficiency and we know precisely what it is. In Zimbabwe what weather it is going to be economically feasible to to actually design and construct a coal storage facility and. Manage, it, we we we don't know you Hanky doesn't know if the promised economic reforms material is or what the money and banking system might, look, like Will investors be able to borrow money will they be able to. Get their money out of the country when they want it back and that's all in a very big state of flux. Now, and, I would say almost a bigger state of flux after the election the election that was supposed to reassure investors only raise more questions Just? Two days after the nation went peacefully to vote there is. Bloodshed and chaos this from the UK's channel four hundred election.

Zimbabwe Deputy Emmerson Mnangagwa Mugabe Steve Hanky Bob wayans Managua US Johns Hopkins University UK Hank professor Seventy percent Two days
"steve hanky" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:23 min | 3 years ago

"steve hanky" Discussed on WNYC 93.9 FM

"His former deputy Emmerson Mnangagwa takes charge not exactly a fresh start for the country but he, immediately starts trying to fix him Bob ways very broken economy between two thousand and two, thousand eight the country's GDP fell by half the sharpest contraction ever for peacetime economy poverty rates soared to. More than seventy percent in the midst of hyperinflation in two thousand nine the country abandoned its, own currency and adopted the US dollar which, helps stabilize economy temporarily but it hit a second bout of hyperinflation in two thousand. Seventeen and is now desperately short. On cash mnangagwa's knows symboblic can't tackle these problems on its own Open for business Don't, do political issues but It's economics, economics In Language is a big change from. Mugabe's mnangagwa's does away with a requirement that companies be majority on bison Bob. Wayans he promises to compensate white farmers for the. Land the government sees from them in the early, two. Thousands and in the run-up to the, elections all this talk starts to pique the interest of international. Investors and there have been many people scurrying around looking for, opportunities. Zimbabwe Steve Hanky is a professor at Johns Hopkins. University he says the country used to be an agricultural. Powerhouse so investors see lots of potential. There he's actually mulling his own investment in, Zimbabwe building cold storage facilities for warehousing. Fruit we know there's a deficiency and we know precisely what it is in, Zimbabwe whether it is going to be economic infeasible to to actually design and construct a coal storage facility and manage. It, we, we we don't know you Hanky doesn't know if the promised economic reforms will is or what the money and banking system might look. Like will investors be able to Borrow money will they, be able to get their money out of the country when they want it back and that's all in a very. Big, state, of flux now and and I would say almost a bigger state of flux after the election the election that was supposed to reassure. Investors only as more questions Just two days after the, nation went peacefully to vote. There is blood shed and chaos this from the UK's channel four hundred election in.

Emmerson Mnangagwa Zimbabwe Johns Hopkins Steve Hanky US Wayans Bob Mugabe UK professor seventy percent two days
"steve hanky" Discussed on Marketplace All-in-One

Marketplace All-in-One

04:15 min | 3 years ago

"steve hanky" Discussed on Marketplace All-in-One

"This is marketplace. I'm KAI resolve elections in Zimbabwe. At the end of July, the ones that were supposed to show the world that that country has moved beyond authoritarianism and is ready for international support and investment yet will it hasn't six people were killed in protests after the candidate from the ruling party and the interim president Emmerson Mnangagwa is his name. He want a razor thin majority that when is being challenged in court, though which delayed the inauguration scheduled for yesterday marketplace's Tracey Samuelson catches us up with the economic reality of Zimbabwe today. Dombi has resigned as president of Zimbabwe, November two thousand seventeen Zimbabwe's military removes President, Robert Mugabe who led the country since its independence in one thousand nine hundred eighty. The announcement was met with cheers. Bye hundreds outside of parliament and covered by international media CBS NBC. Happy. As place his former deputy Emmerson Mnangagwa takes charge not exactly a fresh start for the country, but he immediately starts trying to fix him Bob ways. Very broken economy between two thousand and two thousand eight. The country's GDP fell by half the sharpest contraction ever for a peacetime economy. Poverty rates soared to more than seventy percent in the midst of hyperinflation in two thousand nine, the country abandoned its own currency and adopted the US dollar which helps stabilize the economy temporarily, but it hit a second bout of hyperinflation in two thousand seventeen and is now desperately short on cash. Mnangagwa's knows Zimbabwe. Can't tackle these problems on its own. Zimbabwe is open for business. They'll be issues, but Matadi is economics, economics, economics, enchants, which is a big change from Gaba days. Managua does away with a requirement that companies be majority owned by some Bob wayans. He promises to compensate white farmers for the land. The government sees from them in the early two, thousands. And in the run-up to the elections, all this talk starts to pique the interest of international investors. Many people scurrying around looking for opportunities in Zimbabwe. Steve Hanky is a professor at Johns Hopkins University. He says the country used to be an agricultural powerhouse. So investors see lots of potential there. Panties, actually mulling his own investment in Zimbabwe, building cold storage facilities for warehousing fruit. We know there's a deficiency and we know precisely what it is in Zimbabwe. What whether it is going to be economic and feasible to to actually design and construct a coal storage facility and manage it. We, we don't know you Hanky doesn't know if the promised economic reforms will materialize or what the money and banking system might look like. Will investors be able to borrow money? Will they be able to get their money out of the country when they want it back. That's all in a in a very big state of flux now. And I would say almost a bigger state of flux after the election. Deluxe, and that was supposed to reassure investors only raised more questions. Just two days after the nation went peacefully to vote. There is bloodshed and chaos this from the UK's channel, four hundred election in which in Bob, we dead to dream. Other instead wrote back its worst nightmares. The news actually looks a lot like the old one says James Hammo at the university of LeicesteR in the UK, the Moscow reform and reasonableness. All of that fell away when lethal force was used against unarmed demonstrators and there was a serious crackdown on opposition in the country that was a return to the past. Many potential investors had been holding back. Treating me election as a test of the government's commitment to change. Talk more today is a trade and investment researcher at the trade law centre in Cape Town, South Africa, he says the election didn't match. The government's reform rhetoric is since a negative message showing the investment community that the government is not prepaids all is not always not committed to inspect visual off law instead of a green light..

Zimbabwe Emmerson Mnangagwa Bob wayans interim president Steve Hanky UK Robert Mugabe Tracey Samuelson Managua Dombi CBS US Johns Hopkins University James Hammo university of LeicesteR Moscow Cape Town NBC Matadi South Africa
"steve hanky" Discussed on KQED Radio

KQED Radio

01:56 min | 3 years ago

"steve hanky" Discussed on KQED Radio

"The un reports the gdp per capita is about six hundred sixty five us dollars that's less than haiti's economy actually operate is very different and it's kept very much under wraps in the real north korea the country's currency the one is not the only one used there are chinese are mb and even us dollars the country is very dollarized and there's an active black market steve hanky is a professor at johns hopkins university he says some time after twenty eleven kim jong hoon made the decision to peg currency to the us dollar that brought inflation in north korea down from nine hundred and twenty six percent back in two thousand ten to just a couple of percent today the other thing is that he slept economy kind of spontaneously privatize itself it kind of looked the other way while he underground privatesector viz develop that may be one of the most defining things about the north korean economy the fact there are two of them the state run economy where the state employs people and sends everyone official rations and the underground economy this has led to some quirks to prices for everything there's the state price and then there's the market price and that can vary hugely bill brown is an adjunct professor georgetown he says wages also vary widely depending on what part of the economy you're in a of a textile worker in a state on enterprise in pyongyang there's some big ones they get paid maybe three thousand one per month right well the ladies sister might work in a chinese affiliated factory in north korea and she can earn three hundred thousand one just a very destabilizing inefficient system wilson senators jeanne lee says kim jong un wants his economy to develop further keeping people happy will be part of his success that she adds will depend a great deal on not just what the us does but also on south korea which was not part of the.

kim jong un jeanne lee wilson adjunct professor official un south korea haiti pyongyang us kim jong hoon johns hopkins university professor steve hanky north korea twenty six percent
"steve hanky" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:51 min | 3 years ago

"steve hanky" Discussed on WNYC 93.9 FM

"We actually operate is very different and kept very much under wraps in the real north korea the country's currency the one is not the only one used there are chinese are mb and even us dollars the country is very dollarized and there's an active black market steve hanky is a professor at johns hopkins university he says sometime after twenty eleven kim jong hoon made the decision to is currency to the us dollar that brought inflation in north korea down from nine hundred and twenty six percent back in two thousand ten to just a couple percent today the other thing is that he's left economy kind of spontaneously privatize itself it kind of looked the other way while he underground private sector has developed that may be one of the most defining things about the north korean economy the fact there are two of them the state run economy where the state employs people and sends everyone official rations and the underground economy this has led to some quirks to prices for everything there's estate price and then there's the market price and that can vary hugely bill brown is an adjunct professor at georgetown he says wages also vary widely depending on what part of the economy you're in a wage of a textile worker in a state on enterprise in pyongyang there's some big ones they get paid maybe three thousand one per month right well the lady sister might work in a chinese affiliated factory in north korea and she can earn three hundred thousand one just a very destabilizing inefficient system wilson centers gene lisa's kim jong un wants his economy to develop further keeping people happy will be part of his success that she adds will depend a great deal on not just what the us does but also on south korea which was not part of.

north korea steve hanky professor johns hopkins university kim jong hoon us adjunct professor georgetown pyongyang gene lisa kim jong un south korea official twenty six percent
"steve hanky" Discussed on KCRW

KCRW

01:58 min | 3 years ago

"steve hanky" Discussed on KCRW

"Incentives to get kim jong un to give up his nuclear weapons leads us to get marketplace's abry benesch sure to look at what we know about the north korean economy if you go to north korea there are few things you're going to notice real quick very divided jeanne lee is director of the korea program at the woodrow wilson center foreigners and tourists are treated very well they stay in a very nice hotels where they have electricity and running water they can only eat certain restaurants she's lived in pyongyang has been traveling there for a decade they create no luge of normalcy that foreigners see when they're traveling there north korea hasn't released detailed economic data in decades but the un reports the gdp per capita is about six hundred sixty five us dollars that's less than haiti's how economy we actually operate is very different and is kept very much under wraps in the real north korea the country's currency the one is not the only one used there are chinese are mb and even us dollars the country is very dollarized is there's an active black market steve hanky is a professor at johns hopkins university he says sometime after twenty eleven kim jong un made the decision to is currency to the us dollar that brought inflation in north korea down from nine hundred and twenty six percent back in two thousand ten to just a couple percent today the other thing is that he's let the economy kind of spontaneously privatize itself is kind of looked the other way well he underground private sector has developed that may be one of the most defining things about the north korean economy the fact there are two of them the state run economy where the state employs people and sends everyone official rations and the underground economy this has led to some quirks here to prices for everything there's the state price and then there's the market price and that can vary hugely bill brown as an adjunct professor at georgetown he says wages also vary widely depending on what part of the economy you're in a wage has a textile worker in a state.

kim jong un official un woodrow wilson center georgetown adjunct professor us johns hopkins university professor steve hanky haiti north korea pyongyang director jeanne lee twenty six percent
"steve hanky" Discussed on KQED Radio

KQED Radio

01:53 min | 3 years ago

"steve hanky" Discussed on KQED Radio

"Been higher see malakoff ceo com steve thanks for coming in the studio i appreciate chiropractic thank you that was what five minutes plus or minus of my conversation with steve mollenkopf we went twenty two in all there's a whole lot more about or he's thinking about our technological future also more on five g and how that is going to change our lives it's all on our corner office podcast if you think the federal reserve has its hands full trying to manage this academy central bankers in argentina and turkey would like a word with you the federal reserve released the minutes of its most recent meeting today everything is basically fine is the executive summary meanwhile the central bank of argentina met yesterday and kept its benchmark interest rates steady at forty that is four zero percent and an auger it today the turkish central bank in the face of some political pressure held an emergency meeting to prop up the lira the turkish currency at one point was down five percent against the us dollar it's big loss in nearly a decade marketplace's tracey samuelson has the back story and what it might mean for some other emerging economies one thing international investors really don't like when politicians try to influence their central bankers president aired on said recently he wants more control over the central bank if he wins reelection next month ghana toll is director of the center for turkish studies at the middle the east institute she says amazon has a very unorthodox view of economic policy he thinks that high interest rates are to blame for turkey's persistently high inflation economists argue the opposite that raising interest rates would help keep turkeys double digit inflation in check so it is notable that turkey's central bank did raise rates three percent today to sixteen and a half percent but that's not nearly enough says steve hanky at johns hopkins university they have to go up roughly to the forty to fifty percent.

steve mollenkopf argentina turkey us tracey samuelson president director amazon steve hanky malakoff ceo executive johns hopkins university four zero percent fifty percent three percent five minutes five percent
"steve hanky" Discussed on KQED Radio

KQED Radio

02:19 min | 3 years ago

"steve hanky" Discussed on KQED Radio

"Our lives it's all on our corner office podcast if you think the federal reserve has its hands full trying to manage this economy central bankers and argentina and turkey would like a word with you the federal reserve released the minutes of its most recent meeting today everything is basically fine is the executive summary meanwhile the central bank of argentina met yesterday and kept its benchmark interest rates steady at forty that is four zero percent and an auger today the turkish central bank in the face of some political pressure held an emergency meeting to prop up the lira the turkish currency at one point was down five percent against the us dollar its biggest loss in nearly a decade marketplace's tracey samuelson has the back story and what it might mean for some other emerging economies one thing international investors really don't like when politicians try to influence their central bankers president aired on said recently he wants more control over the central bank if he wins reelection next month gano toll is director of the center for turkish studies at the middle east institute she says amazon has a very unorthodox view of economic policy he thinks that high interest rates are to blame for turkey's persistently high inflation economists argue the opposite that raising interest rates would help keep turkeys double digit inflation in check so it is notable that turkey's central bank did raise rates three percent today to sixteen and a half percent but that's not nearly enough says steve hanky at johns hopkins university they they'd have to go up roughly to the forty to fifty percent range and stay there for quite some time to get the lira stabilized and get inflation stabilized which would likely send the economy into recession another problem for turkey and other emerging markets is that their companies and governments have borrowed lots of dollars and euros so payment on that debt gets more expensive as their currencies weakened fortunes lock is chief international economist at deutsche bank so in some sense spyro of i the exchange rate going down is just sitting in motion a whole host of macroeconomic challenges that they are incredibly difficult since lexus this is also opening up new debates on the stability of other emerging markets in asia and latin america traces emerson.

middle east institute lexus johns hopkins university executive asia deutsche bank steve hanky turkey amazon director gano toll president tracey samuelson us argentina four zero percent fifty percent three percent
"steve hanky" Discussed on KCRW

KCRW

02:12 min | 3 years ago

"steve hanky" Discussed on KCRW

"If you think the federal reserve has its hands full trying to manage this economy mouth central bankers in argentina and turkey would like a word with you the federal reserve released the minutes of its most recent meeting today everything is basically fine is the executive summary meanwhile the central bank of argentina met yesterday and kept its benchmark interest rates steady at forty that is four zero percent and an auger today the turkish central bank in the face of some political pressure held an emergency meeting to prop up the lira the turkish currency at one point was down five percent against the us dollar its biggest loss in nearly a decade marketplace's tracey samuelson has the back story and what it might mean for some other emerging economies one thing international investors really don't like when politicians try to influence their central bankers president aired on said recently he wants more control over the central bank if he wins reelection next month unorthodox view also the canonic policy can all toll is director of the center for turkey studies at the middle east institute he thinks that high interest rates are to blame for turkey's persistently high inflation economists argue the opposite that raising interest rates would help keep turkeys double digit inflation in check so it is notable that turkey's central bank did raise rates three percent today to sixteen and a half percent but that's not nearly enough says steve hanky at johns hopkins university they'd have to go up roughly to the forty to fifty percent range and stay there for quite some time to get the lira stabilized and get inflation stabilized which would likely send the economy into recession another problem for turkey and other emerging markets is that their companies and governments have borrowed lots of dollars and euros so payment on that debt gets more expensive as their currencies weakened torsion slack is chief international economists at deutsche bank so in some sense spiral of i the exchange rate going down is just sitting in motion a whole host of macroeconomic challenges that they are incredibly difficult so success this is also opening up new debates on the stability of other emerging markets in asia and latin america i'm tracey samuelson.

argentina turkey us tracey samuelson president director middle east institute steve hanky deutsche bank asia executive johns hopkins university four zero percent fifty percent three percent five percent
"steve hanky" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:43 min | 3 years ago

"steve hanky" Discussed on Bloomberg Radio New York

"We do have futures in hong kong and for the kospi higher and i took note of your conversation a few moments ago a stephen nagy and so i thought i'd take a a little bit of a look at the north korean economy just with limited data to go on and it does sort of raise the question doug how real is the possibility that kim jong un wants to open up his economy to development because that's something we haven't talked about too much steve hanky wrote a piece in forbes about a week ago saying north korea's economic crisis what crisis and seal says that kim jong un has has pursued pro growth policies since he became leader and it sites and improving north korean one as part of that and so that brings the focus back to the south korean stock market because the market hasn't really shown according to seal essay it hasn't it hasn't shown a big jump which would reflect the potential for investment and development of the north korean economy and it says that it now looks like this is possible that we should be thinking about that so anyway we'll keep a close eye on south korean market we've talked a lot about the discount there that has long been in place the kospi closed only up sixteen points which was two thirds of a percent on friday and it was a lot higher than that when the summit was happening and when there was quite a lot of excitement over it however the market did close before some of the data came out so that's why today becomes an interesting day we have a stronger dollar the bloomberg dollar spot index is up about a tenth of a percent dalian one on nine fourteen euro at a.

hong kong stephen nagy doug kim jong un steve hanky korea bloomberg